$YYAI

AIRWA INC.

CIK:0001674440|SEC Filings

Consolidated Statements of Operations And Comprehensive (Loss)/Income - USD ($)	3 Months Ended
	Jul. 31, 2026	Jul. 31, 2025
Income Statement [Abstract]
REVENUE	$ 21,243,892	$ 3,000,000
COST OF REVENUE	15,604,610	744,231
GROSS PROFIT	5,639,282	2,255,769
OPERATING EXPENSES
Selling and marketing expenses	450,995
General and administrative expenses	5,485,053	764,386
Total Operating Expenses	5,936,048	764,386
OPERATING (LOSS)/INCOME	(296,766)	1,491,383
NON-OPERATING INCOME
Gain on financial assets at fair value through profit or loss		1,081,758
Interest income	2,430	18,714
Total Non-Operating Income	2,430	1,100,472
NON-OPERATING EXPENSE
Share guarantee expense		(1,081,758)
Interest expense	(51,971)
Total Non-Operating Expense	(51,971)	(1,081,758)
NET (LOSS)/INCOME FROM OPERATIONS BEFORE INCOME TAX EXPENSE	(346,307)	1,510,097
Income tax expense	(160,886)	(249,166)
NET (LOSS)/INCOME	(507,193)	1,260,931
LESS: NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTEREST		378,279
NET (LOSS)/INCOME ATTRIBUTABLE TO CONTROLLING INTEREST	$ (507,193)	$ 882,652
Net (loss)/income per share - basic	$ (9.63)	$ 3,464.10
Net (loss)/income per share - diluted	$ (9.63)	$ 3,464.10
Weighted average common shares outstanding - basic	52,678	364
Weighted average common shares outstanding - diluted	52,678	364

Consolidated Statements of Cash Flow - USD ($)	3 Months Ended
Consolidated Statements of Cash Flow - USD ($)	Jul. 31, 2026	Jul. 31, 2025
CASH FLOW FROM OPERATING ACTIVITIES
Net (loss)/income	$ (507,193)	$ 1,260,931
Adjustments to reconcile net income to net cash used in operating activities
Amortization expense on intangible assets	5,507,351	744,231
Depreciation of property and equipment	61,676
Amortization of operating lease right-of-use asset	3,679
Gain on Financial Assets at FVTPL		(1,081,758)
Interest expense on deferred consideration payable and contingent consideration payable	51,971
Deferred tax benefit	(1,081,209)
Changes in assets and liabilities, net of acquired amounts
Accounts receivables	11,195,371	(3,000,000)
Digital assets	19,015,825
Other receivables		421,346
Prepayments and deposits	(3,373,928)
Contract costs	2,859,151
Account payable	(627,898)
Accrued expenses	(385,039)	322,275
Contract liabilities	(5,047,500)
Income taxes payable		249,166
Net cash provided by (used in) operating activities	27,672,258	(1,083,809)
CASH FLOW FROM INVESTING ACTIVITIES
Payment of acquisition of investment in subsidiaries	(29,367,266)
Net cash used in investing activities	(29,367,266)
CASH FLOW FROM FINANCING ACTIVITIES
Amount due from related party		1,081,758
Net cash provided by financing activities		1,081,758
NET DECREASE IN CASH	(1,695,008)	(2,051)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	12,780,208	54,744
CASH AND CASH EQUIVALENTS - END OF PERIOD	11,085,200	52,693
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION
Amount due from related party		$ 1,081,758

Consolidated Balance Sheets - USD ($)	Jul. 31, 2026	Apr. 30, 2026
Current Assets:
Cash and cash equivalents	$ 11,085,200	$ 12,780,208
Accounts receivable	8,833,379	17,997,211
Contract costs	3,689,662	6,548,813
Inventories	3,205,047
Right-of-use asset		3,679
Digital assets	229,946	19,245,771
Deposits	310,576	310,576
Prepayments	4,979,650	1,234,161
Other receivables	1,341,413	1,341,413
Total Current Assets	33,674,873	59,461,832
Non-Current Assets:
Property and equipment, net	1,236,027	1,297,703
Goodwill	85,672,153	58,320,569
Intangible assets, net	137,325,481	91,275,497
Total Non-Current Assets	224,233,661	150,893,769
TOTAL ASSETS	257,908,534	210,355,601
Current Liabilities:
Accounts payable	4,364,544	4,992,442
Accrued expenses	3,083,199	3,453,832
Contract liabilities	5,755,300	10,802,800
Deferred consideration payable	19,041,225
Contingent consideration payable	21,540,103
Total Current Liabilities	57,702,129	19,249,074
Non-current Liability:
Deferred tax liabilities	27,968,723	20,542,972
Total Non-Current Liability	27,968,723	20,542,972
Total Liabilities	85,670,852	39,792,046
Commitments and contingencies
SHAREHOLDERS’ EQUITY
Common stock, $0.001 par value; 1,000,000,000 shares authorized; approximately 52,678 and 52,678 shares issued and outstanding as of July 31 and April 30, 2026, respectively.	52	52
Additional paid-in capital	182,000,909	182,000,909
Accumulated deficit	(11,944,599)	(11,437,406)
Total AiRWA Inc. shareholders’ equity	170,056,362	170,563,555
Non-controlling interest	2,181,320
Total Shareholders’ Equity	172,237,682	170,563,555
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	257,908,534	210,355,601
Related Party [Member]
Current Liabilities:
Amount due to related party	$ 3,917,758